Pixar, Minus Disney, Equals... ?

[OB1]

You didn't hear? Disney announced not too long ago that they're abandoning big-budget 2D animation. And there has been some serious conflict within Disney lately, with Walt's son wanting to take the company out of Eisner's hands since he's pretty much been fucking around and doing the exact opposite of what Walt originally intended for the company. It's a big mess.

Here's Roy Disney's reaction to this Pixar news:

The following statement was released Thursday night by Roy Disney and Stanley Gold:

"As significant shareholders of The Walt Disney Company, we are extremely dismayed, but not surprised by the loss of Disney's Pixar relationship. More than a year ago, we warned the Disney Board that we believed Michael Eisner was mismanaging the Pixar partnership and expressed our concern that the relationship was in jeopardy. In fact, Roy cited this in his letter of resignations from the Board.

"Michael Eisner's inability to manage and nurture crucial creative relationships, like the one Disney had with Pixar, is one of the main reasons we have maintained that we did not believe Disney's earnings were sustainable.

"Steve Jobs, John Lasseter and their team are enormously talented. Pixar has hit five grand slam home runs in five times at bat for Disney. While we expect that the tail of the relationship will continue to provide short-term earnings gains, the loss of this relationship, we believe, will result in the loss of long-term value for the company and its shareholders."

[Source: PR Newswire]